Update loader32 first, power the unit off, then back on, and then update the fat32 firmware, and power-cycle the unit once more. This is covered in the README file. You should PROBABLY read it.
This firmware fixes some formatting issues with WD EARS family (4k sector) drives that are becoming more common, as well as hangups caused by SOME WD drives auto sleeping.
It also resolves some foreign character set issues under SMB/CIFS/Windows File Sharing.
Firmware is R3282-V1.60B LOADER32 1.20e W1.33.